The $1 Trump coins are here. Why spending them is legal but tricky
Summary
The U.S. Mint started selling $1 coins featuring President Donald Trump as collectible items that can also be used as real money. These coins have a face value of $1, making them legal to spend, but not all stores may accept them.Key Facts
- The U.S. Mint began selling $1 Trump coins on Wednesday.
- The coins are sold in rolls of 25 for $61 and bags of 100 for $154.50.
- Although promoted as collectibles, the coins have a face value of $1 and are legal tender under federal law.
- Legal tender means these coins can be used to pay debts and taxes, but businesses can decide if they accept them.
- Past $1 coins, like the Sacagawea and presidential series, were unpopular and saw limited circulation.
- Federal law usually bans portraits of living people on U.S. coins, raising legal questions about the Trump coin.
- The Treasury Department said the coin is allowed because it commemorates the nation's 250th anniversary, which permits special designs.
- The Trump coin is real money but might be tricky to use in everyday payments because of limited acceptance.
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